Be mindful of taxes from "summary" of The Little Book of Common Sense Investing by John C. Bogle
Taxes are an inevitable part of investing. They are like the silent partner in an investment, always there in the background, taking a cut of your returns. It's important to understand the impact that taxes can have on your investments, as they can eat away at your returns over time.
One key concept to keep in mind when it comes to taxes is the difference between tax-efficient and tax-inefficient investments. Tax-efficient investments are those that minimize the amount of taxes you have to pay, either by deferring them or by taking advantage of tax breaks. On the other hand, tax-inefficient investments are those that generate a lot of taxable income, which can result in a higher tax bill.
Another important consideration is the impact of taxes on the compounding of returns. Taxes can reduce the overall return on your investments, as they take a portion of...
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